Question - LMN, a manufacturing company, plans to sell 400,000 units of finished product in July and anticipates a growth rate in sales of 4 percent per month. The desired monthly ending inventory in units of finished product is 80 percent of the next month's estimated sales. There are 320,000 finished units in inventory on June 30.
Required: Compute the company's total required production in units of finished product for the-month ending July 31.